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Guess? fiscal Q2 profit falls 43.4% YOY

4910854 said its normalized net income for the fiscal second quarter ended Aug. 2 was 28 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS decreased 43.7% year over year from 50 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $23.9 million, a decline of 43.4% from $42.3 million in the prior-year period.

The normalized profit margin dropped to 3.9% from 6.6% in the year-earlier period.

otal revenue fell year over year to $608.6 million from $639.0 million, and total operating expenses came to $574.1 million, com Guess? Inc.